What two new deal programs most benefit arkansas and why? consider the social economic and political impacts as you prepare your response. also consider how some programs only benefited certain groups of people.

In 1931 the new president, Franklin Roosevelt, brought an air of confidence and optimism that quickly rallied the people to the banner of his program, known as the New Deal "The only thing we have to fear is fear itself," the president declared in his inaugural address to the nation. He was determined to make effective changes during his presidency. "Roosevelt moved swiftly to deal with the financial illness that paralyzed the nation. On his very first night in office, he directed Secretary of the Treasury William Woodin to draft an emergency banking bill, and gave hi less than five days to get it ready."2

The New Deal, in a certain sense, merely introduced types of social and economic reform familiar to many Europeans for more than a generation. Moreover, the New Deal represented the culmination of a 1ong-range trend toward abandonment of "laissez-faire" capitalism, going back to the regulation of the railroads in the 1880s, and the flood of state and national reform legislation introduced in the Progressive era of Theodore Roosevelt and Woodrow Wilson.

What was truly novel about the New Deal, however, was the speed with which it accomplished what previously had taken generations. Many of the reforms were hastily drawn and weakly administered with some actually contradicting others. During the entire New Deal era, public criticism and debate were never interrupted or suspended; in fact, the New Deal brought to the individual citizen a sharp of interest in government..

When Roosevelt took the presidential oath, the banking and credit system of the nation was in a state of paralysis. With astonishing rapidity the nation's banks were first closed -- and then reopened only if they were solvent. The administration adopted a policy of moderate currency inflation to start an upward movement in commodity prices and to afford some relief to debtors. New governmental agencies brought generous credit facilities to industry and agriculture. The Federal Deposit Insurance Corporation (EDIC) insured sayings-bank deposits up to $5,000, and severe regulations were imposed upon the sale of securities on the stock exchange.